US Jobs Data: One Reason Why It Might Not Be Getting Better

And here’s an interesting item that is going around the Internet: If July has ides, this is it.

Ever Had A Job?

A chart that showed past presidents and the percentage of each president’s cabinet appointees who had previously worked in the private sector – you know, a real life business, not a government job? Remember what that is? A private business?

Roosevelt – 38%

Taft – 40%

Wilson – 52%

Harding – 49%

Coolidge – 48%

Hoover – 42%

FDR – 50%

Truman – 50%

Eisenhower – 57%

Kennedy – 30%

LBJ – 47%

Nixon – 53%

Ford – 42%

Carter – 32%

Reagan – 56%

GHWB – 51%

Clinton – 39%

GWB – 55%

And the Chicken Dinner Winner is…………………….

Obama – 8%*

This is the guy who wants to tell YOU how to run YOUR life!

ONLY ONE IN TWELVE in the Obama Cabinet HAS EVER HAD A JOB.

*YEP, EIGHT PERCENT!

And these are the guys holding a “job summit”; going to tell us how to
run our businesses, make our decisions for us? Do you want to trust them
with every aspect of your life?

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About Bill Bonner:

Since founding Agora Inc. in 1979, Bill Bonner has found success in numerous industries. His unique writing style, philanthropic undertakings and preservationist activities have been recognized by some of America’s most respected authorities. With his friend and colleague Addison Wiggin, he co-founded The Daily Reckoning in 1999, and together they co-wrote the New York Times best-selling books Financial Reckoning Day and Empire of Debt. His other works include Mobs, Messiahs and Markets (with Lila Rajiva), Dice Have No Memory, and most recently, Hormegeddon: How Too Much of a Good Thing Leads to Disaster. His most recent project is The Bill Bonner Letter.